New Delhi, Nov. 3 -- Prime Minister Narendra Modi will launch a Rs.1 lakh crore Research, Development and Innovation (RDI) scheme on November 3 at ESTIC 2025 in New Delhi. The two-tier fund will channel public capital through second-level managers into private R&D across AI, semiconductors, biotech, energy, space and more, using loans or equity to crowd in corporate and startup investment.

India's headline announcement of a Rs.1 lakh crore RDI scheme on November 3 is a clear policy pivot: for the first time, public capital will explicitly underwrite private-sector R&D at scale. Beyond the cheque size and the fanfare at ESTIC 2025 (Nov 3-5), the deeper story is structural; this fund aims to change incentives, reduce early-stage risk, and ...